Median household income: $71,302; value-to-income ratio 5.26. Tampa ranks 110 by home value and 3 by population among 343 places in our FL dataset.
What does an FHA loan cost on a typical Tampa home?
| Item | Tampa |
|---|---|
| Median home value (Census ACS) | $375,300 |
| Florida median home value | $325,000 |
| Down payment (3.5%) | $13,136 |
| Loan incl. 1.75% upfront MIP | $368,502 |
| Estimated monthly payment (PITI + MI) | $3,140 |
| Income needed (28% / 36%) | $135,000 / $105,000 |
| Hillsborough County 2026 FHA limit (1 unit) | $541,287 |
| Max purchase price at the limit | $560,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Payment includes Florida's 0.79% effective property tax rate (Census ACS), $2,779/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.
What is the 2026 FHA loan limit in Tampa?
Tampa is in Hillsborough County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).
The Tampa median home value of $375,300 is 15% above the Florida median, and within what the county limit supports.
Which down payment assistance programs can Tampa buyers use?
- Dare to Own the Dream (DARE) — Up to $50,000 (50.01-80% AMI $50,000; 80.01-120% AMI $40,000; 120.01-140% AMI $30,000); forgivable loan; city-level. City of Tampa Housing and Community Development · Verified October 25, 2026
- CRA Down Payment Assistance Program — Up to $50,000 (tiered by AMI: $50,000 / $40,000 / $30,000); forgivable loan; city-level. City of Tampa Community Redevelopment Agency · Verified October 25, 2026
- Home Sweet Home Hillsborough Down Payment Assistance — $15,000 (outside City of Tampa); $5,000 (inside City of Tampa); deferred loan; county-level. Housing Finance Authority of Hillsborough County (compliance by eHousingPlus) · Verified October 25, 2026
- Florida Assist — Up to $10,000 on FHA, VA, USDA and Conventional loans; deferred; state-level. Florida Housing Finance Corporation · Verified October 23, 2026
FHA loans in nearby cities
FHA loan FAQs for Tampa
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- HUD Single Family Housing Policy Handbook 4000.1
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac — Primary Mortgage Market Survey
- City of Tampa Housing and Community Development — Dare to Own the Dream (DARE)
- City of Tampa Community Redevelopment Agency — CRA Down Payment Assistance Program
Data last updated October 23, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.